Methods for adjusting a fee associated with a payments transaction

ABSTRACT

A system and method for substantially increasing billing flexibility on communications or media accounts which also offer user users the ability to make electronic purchases or other financial transactions, where those transactions are accounted for with an additional account or with the same account through which the media or communications services are offered. Charges associated with use of the communications service or making of the financial transactions may be increased or reduced depending on such factors as volume of use, number of transactions, and a monetary value of the transactions.

RELATED APPLICATION

This continuation patent application claims priority benefit, withregard to all common subject matter, of earlier-filed U.S. patentapplication Ser. No. 11/485,683, filed Jul. 13, 2006, and entitled“SYSTEM AND METHOD FOR MONITORING VOICE/DATA USAGE AND FINANCIALTRANSACTIONS MADE THROUGH A COMMUNICATIONS SERVICE” The identifiedearlier-filed non-provisional patent application is hereby incorporatedby reference in its entirety into the present application.

BACKGROUND OF THE INVENTION

1. Field of the Invention

The present invention relates broadly to systems and methods forassessing charges for use of a communications service, particularly useof the service to make electronic financial transactions. In particular,the present invention concerns a system and method for monitoring use ofa voice and/or data communications service or media service and themaking of electronic financial transactions initiated by acommunications device associated with the service, and for adjustingcharges associated with the use of the service or the making of thetransactions based on such factors as, for example, an amount of use, anumber of transactions, or a monetary value associated with thetransactions.

2. Description of the Prior Art

Systems and methods for making electronic purchase or other financialtransactions with a communications device, or an account associated witha communications device, and related financial gateways and middle-waresolutions, have been proposed.

SUMMARY OF THE INVENTION

The present invention concerns a convergence billing system andmethodology for utilization in conjunction with the aforementioned priorart systems and methods. In particular, the present invention provides asystem and method for substantially increasing billing flexibility oncommunications or media accounts which also offer users the ability tomake electronic purchase transactions, where those transactions areaccounted for with an additional account or with the same accountthrough which the media or communications services are offered.

In a preferred embodiment of the present invention, a processor monitorsuse of voice and/or data communications services. The services monitoredmay be telecommunications services, such as a telephone service orwireless services, including voice and/or data over IP. It should beappreciated that such monitoring and billing services are conventional,and a specific customer account associated with the service may besubject any of a plurality of different rate plans. The processormonitors use of a particular service over a given period of time andcalculates charges based upon the volume of use of the voice and/or dataservice and the particular rate plan of the account holder.Additionally, the service monitored by the present invention may be amedia service, such as, for example, cable or satellite television orbroadband cable services, or may manage accounts for electronic contentaggregators such as Internet, or interactive television, or interactiveradio portals.

Additionally, the processor monitors financial transactions made via aninput device associated with the particular account of the accountholder being monitored. The input device may be, for example, a wirelesscommunications device, a telephone, or a conventional debit or creditcard. Additionally, the input device may be a telematics device, a PC,interactive (e.g., Internet connected) television or other interactiveterminal. The transactions monitored may be transactions that arefacilitated directly with the account of the account holder or with asecond account associated with the account of the account holder.

Thus, for example, the present invention may be adapted to monitor debitor credit transactions which are settled directly to a communications,media, or content aggregation account, or to a more conventional bankaccount by way of a separately offered debit or credit card which isassociated with the account. Furthermore, the present invention may beadapted to monitor and track cash transactions wherein data indicativeof cash is transmitted directly from an electronic device to a merchantterminal.

In accordance with an aspect of the present invention, the processor maybe programmed to monitor widely flexible rate plans in suchenvironments. In one embodiment, for example, a threshold correspondingto a particular number or accumulated monetary value of transactions fora given period (e.g., one billing cycle) may be established andprogrammed. When the number of transactions, or the cumulative monetaryvalue associated with the transactions for the given period reaches thethreshold, the processor adjusts a rate plan associated with either thevoice and/or data communications services (or content or media services)or the transactions, or both. In other words, once a threshold is met,monetary charges associated with the various services may be adjusted,either upwardly or downwardly. Additionally, the system can beconfigured such that only those charges accrued after the threshold ismet are adjusted, or such that all charges for the given period areadjusted once the threshold is met.

In accordance with an additional aspect of the present invention,additional thresholds may be established, such that rate plansassociated with either the communications services or the transactions,or both, are adjusted at additional threshold levels.

In an alternate embodiment of the present invention, the threshold thatis established is a threshold associated with the volume of usage of thevoice and/or data communications services, media services, or contentaggregation services. Accordingly, a rate plan associated with anaccount is dependent on the volume of usage of the account. In thisembodiment, when a threshold is met, the processor makes adjustments tothe rates associated with the services or charges associated with thetransactions made, or both. As before, these adjustments may be upwardor downward, and may apply to the entire billing cycle or to only thosecharges incurred after the threshold is met. As before, additionalthreshold levels may be established.

In still another embodiment of the present invention, an unpaid balanceassociated with the account of the account holder is monitored. When theunpaid balance reaches a selected threshold, rates associated with thecommunications service or the transaction, or both, are adjusted. Again,the rates may be adjusted upwardly or downwardly.

As will be described in greater detail below, it should be understoodand appreciated that the various rates which can be adjusted include afixed periodic rate associated with use of the services, a variable rateassociated with the number of minutes or quantity and/or type of datatransmitted, and/or interest rates associated with unpaid balances.Also, an interest rate associated with deposits could be adjusted orinvoked at certain points.

There may also be no charge, for example, for a transaction or for thefirst number of transactions, and when the rate is adjusted it maychange from zero to some non-zero positive number.

The processor preferably monitors a large number of accounts provided bydifferent service providers. Additionally, the processor preferablystores information indicative of usage of the accounts and transactionsmade in a memory. Additionally, periodic reports summarizing the detailsof all accounts of a particular service provider may be prepared,transmitted and/or printed. Additionally, individual account holderstatements may be prepared and transmitted electronically, or printedand distributed according to the principles of the present invention.

BRIEF DESCRIPTION OF THE DRAWINGS

A preferred embodiment of the present invention is described in detailbelow with reference to the attached drawing figures, wherein:

FIG. 1 is a flowchart of steps involved in practicing a preferred firstembodiment of the method of the present invention;

FIG. 2 is a flowchart of steps involved in practicing a preferred secondembodiment of the method of the present invention; and

FIG. 3 is a flowchart of steps involved in practicing a preferred thirdembodiment of the method of the present invention.

DETAILED DESCRIPTION OF THE PREFERRED EMBODIMENTS

With reference to the figures, a system and method is herein described,shown, and otherwise disclosed in accordance with the preferredembodiments of the present invention. In each of the various embodimentsof the present invention, a processor (or a plurality of processors) isprovided. The processor includes a memory having software storedtherein. The processor monitors ‘usage of a communications account,content aggregation account, or media account by a user. It should beunderstood and appreciated that a number of processors may be utilized,such as in the case of a matrix or grid of processors, and,additionally, it should be understood and appreciated that functions ofthe present invention may be performed by different processors and thedata subsequently converged. For example, one processor (or group ofprocessors) may monitor voice and/or data communications usage, whileanother processor (or group of processors) monitors transactions made.For purposes of the present description, a single processor will bereferenced for clarity, but it should be understood that multipleprocessors, and indeed multiple groups of processors, may be employed.

Referring particularly to FIG. 1, a preferred first embodiment of thepresent invention is illustrated and described. At step 100, theprocessor determines whether a number of transactions, or a cumulativemonetary amount associated with transactions made within a given period,have reached a preestablished threshold amount. In this regard, theprocessor may be programmed to monitor either the number of transactionsmade during a given period (such as a billing cycle), the cumulativemonetary amount associated with transactions made during the period, orboth. Accordingly, it should be understood that step 100 may be dividedinto two steps: one for monitoring the number of transactions made, andthe other for monitoring the cumulative monetary amount associated withmade transactions within a given period. Alternatively, the processormay be programmed so that only one of these particular thresholds ismonitored. Additionally, in the case where two thresholds at step 100are monitored, the processor can be programmed so that only one of thethresholds need be met, or that both of them need be met. For purposesof the present description, it will be assumed that only a singlethreshold is being monitored at step 100.

When it is determined at step 100 that the threshold (or thresholds) hasnot been met, a rate plan corresponding to the account being monitoredis maintained at a status quo. When, however, it is determined at step100 that the threshold has been met, processing advances to step 102, atwhich the processor reestablishes rates associated with the accountbeing monitored. In this regard, in one embodiment of the presentinvention, the rates suggested are only those rates associated withvoice and/or data usage associated with the account. Additionally, inone variation of the present invention, only those rates associated withsuch usages which are incurred after the threshold has been met, andwithin the given period, are adjusted. Alternatively, the processor maybe programmed so that once the threshold has been met all ratesassociated with voice and/or data communications usage for the givenperiod are adjusted.

Additionally, still at step 102, depending on the implementation detailsof the present invention and the desires of a particular serviceprovider, and/or account holder agreements, the rates underconsideration may be adjusted upwardly once the threshold has been metor, alternatively, adjusted downwardly.

As an example, assume that the type of account being monitored is awireless communications account. Assume further that the account holderpays a monthly fee of U.S. $50.00 for the account and, in return,obtains X number of usage minutes of voice or data transmission at noadditional charge. Once X minutes have been reached, however, additionalminutes of usage of voice communications during the period are chargedat a rate of $0.20 per minute.

Additionally, assume that any purchase transactions made on the account,or on a second account associated with the account, invoke a transactionfee (which may be fixed or may be a percentage of the transaction). Alsoassume that the first three transactions made during the period involveonly a $0.25 transaction fee. Accordingly, the threshold at step 100would be set at three transactions and when the user had made threetransactions and was making his or her fourth transaction the answer atstep 100 would be “yes” because the number of transactions (four) withinthe period exceeded the threshold (three), and processing would advanceto step 102, at which the processor would adjust the rate. As has beenillustrated and described, those rates which can be adjusted can varywidely depending on the particular implementation details of the presentinvention, which illustrates the remarkable flexibility of the presentinvention. For purposes of this example, however, assume that the rateto be adjusted is the transaction fee associated with transactions made.Accordingly, at step 102, the processor would, adjust the transactionfee rate to a second rate, corresponding to the surpassed threshold,which, for purposes of this example, is assumed to be $1.00.Accordingly, for all additional transactions made during the period(which may, for example, be a billing cycle) the transaction charge willbe $1.00.

It should be understood and appreciated that the foregoing example isfor illustration only and is not meant to be limiting; other rates couldhave additionally or alternatively been adjusted. Furthermore, suchrates could have been adjusted upwardly or downwardly, depending on thenature of the plan of usage and implementation. For example, thetransaction fee could have been adjusted upwardly or downwardly andcould have been adjusted only for those transactions made after thethreshold was met, before the threshold was met, or for all transactionswithin the period. Additionally, the fixed monthly fee associated withthe voice and/or data usage could have been adjusted upwardly ordownwardly after the threshold was met, or the cost per minute of voiceand/or data usage could have been adjusted upwardly or downwardly.Additionally or alternatively, an interest rate associated with unpaidbalances on the account, or the second account associated with theaccount holder's account, could have been adjusted upwardly ordownwardly. As will be appreciated, the interest rate could be adjustedfor the entirety of the balance, or only for those charges accruedbefore or after the threshold was met.

Steps 104 and 106 are illustrative of an additional threshold to bemonitored. It should be understood that the second threshold couldmonitor the same characteristic as the first threshold, such as thenumber of transactions, or could monitor a different characteristic,such as the volume of voice and/or data usage. As illustrated, when thethreshold is established, a particular selected rate is adjusted at step106. Again, the rate adjusted may be a fixed rate, a usage rateassociated with a number of minutes or volume of data, a transactionfee, an interest rate, etc. Additionally, it should be understood andappreciated that the present invention encompasses invoking an interestrate, removing an interest rate, or otherwise increasing or decreasingan interest rate, where that interest is interest paid to the accountholder on monies deposited in an account associated with the servicesbeing monitored.

Referring particularly to FIG. 2, a preferred second embodiment of thepresent invention is illustrated and described which is substantiallysimilar to that of FIG. 1 but for the following differences. In FIG. 2,at step 200, the volume of voice and/or data usage is monitored inconjunction with an established threshold. When that threshold isreached, processing advances to step 202 at which one or more rates areadjusted. Preferably, in the embodiment of FIG. 2, the adjusted rate isthe rate associated with transactions being made with the account, orwith a second account associated with the account. For example, thetransaction fee may be invoked, eliminated, or increased or decreased,or interest associated with an unpaid balance, or an unpaid balanceresulting from additional charges, may be adjusted. Steps 204, 206 areillustrative of a second threshold being established, with additionaladjustments being made when that threshold is met. It should beunderstood that the second threshold may simply be the samecharacteristic as the first threshold (such as volume of voice and/ordata usage), but may be a higher volume of usage during the period.

Referring particularly to FIG. 3, a preferred third embodiment of thepresent invention is illustrated and described. At step 300, theprocessor determines whether an unpaid balance associated with theaccount holder's account, or with an additional account whichcorresponds to the account holder's account, has been reached. When thethreshold has been reached, a rate plan corresponding to usage of voiceand/or data (or media or content) services is adjusted. For example, afixed periodic rate, or a rate associated with minutes of use or volumeor type of data, is adjusted, upwardly or downwardly, depending on theembodiment, when the threshold has been met. As will be understood,because an unpaid balance may carry over from month-to-month, thisparticular rate adjustment at step 302 may also carry over to a nextbilling period. From the foregoing, it will be seen that this inventionis one well adapted to attain any and all ends and objects hereinaboveset forth together with the other advantages which are obvious and whichare inherent.

It will be understood that certain features and subcombinations are ofutility and may be employed with reference to other features andsubcombinations. This is contemplated by and is within the scope of theclaims.

Since many possible embodiments may be made of the invention withoutdeparting from the scope thereof, it is to be understood that all matterherein set forth or shown in the accompanying drawings is to beinterpreted as illustrative, and not in a limiting sense.

1. A computer-implemented method comprising: monitoring the number ofpayment transactions made with a payment account in a period, whereinthere is a fee associated with making a payment transaction made withsaid payment account, wherein said monitoring the number of paymenttransactions made with a payment account in a period is performed withat least one electronic processor; determining when the number ofpayment transactions within the period meets a pre-established thresholdnumber, wherein said determining when the number of payment transactionswithin the period meets a pre-established threshold number is performedby at least one electronic processor; increasing said fee to anincreased fee when the number of payment transactions within the periodmeets said pre-established threshold number, wherein said increasingsaid fee to an increased fee when the number of payment transactionswithin the period meets a pre-established threshold number is performedwith at least one electronic processor; and applying said increased feefor each payment transaction made with said account within the periodafter said pre-established threshold number is met, wherein saidapplying said increased fee for each payment transaction made with saidaccount within the period after said pre-established threshold number ismet is performed by at least one electronic processor.
 2. The method asset forth in claim 1, wherein said fee comprises a percentage of apurchase corresponding to a payment transaction made with said paymentaccount.
 3. The method as set forth in claim 1, wherein said feecomprises a fixed fee.
 4. The method as set forth in claim 1, whereinsaid payment account further comprises a communications account.
 5. Themethod as set forth in claim 4, wherein said payment account furthercomprises a mobile communications account.
 6. The method as set forth inclaim 1, wherein said payment account further comprises a contentaggregation account.
 7. The method as set forth in claim 1, wherein saidpayment account comprises a debit account.
 8. The method as set forth inclaim 1, wherein said payment account comprises a credit account.
 9. Themethod as set forth in claim 1, wherein said period corresponds to abilling cycle associated with said payment account.
 10. The method asset forth in claim 1, wherein said pre-established threshold numbercomprises a first pre-established threshold, said method furthercomprising: determining when the number of payment transactions madewith said payment account within the period meets a secondpre-established threshold, wherein said determining when the number ofpayment transactions made with said payment account within the periodmeets a second pre-established threshold is performed by at least oneelectronic processor; and further increasing said increased fee to asecond increased fee when the number of payment transactions made withthe account within the period meets the second pre-establishedthreshold, wherein said further increasing said increased fee to asecond increased fee when the number of payment transactions made withthe account within the period meets the second pre-established thresholdis performed by at least one electronic processor; and applying saidsecond increased fee for each payment transaction made with said paymentaccount within the period after said second pre-established threshold ismet, wherein said applying said second increased fee for each paymenttransaction made with said payment account within the period after saidsecond pre-established threshold is met is performed by at least oneelectronic processor.
 11. The method as set forth in claim 10, whereinsaid second pre-established threshold corresponds with a second numberof purchase transactions made with said payment account in said period.12. The method as set forth in claim 10, wherein said secondpre-established threshold is of a type that is different than a numberof purchase transactions made with said payment account in said period.13. A computer-implemented method comprising: monitoring the monetaryvalue of payment transactions made with a payment account within aperiod, wherein there is a fee associated with a payment transactionmade with said payment account, wherein said monitoring the monetaryvalue of payment transactions made with a payment account within aperiod is performed with at least one electronic processor; determiningwhen the accumulated monetary value of payment transactions made withsaid payment account within the period meets a pre-established thresholdamount, wherein said determining when the accumulated monetary value ofpayment transactions made with said payment account within the periodmeets a pre-established threshold amount is performed by at least oneelectronic processor; increasing said fee to an increased fee when theaccumulated monetary value of payment transactions made with saidpayment account within the period meets said pre-established thresholdamount, wherein said increasing said fee to an increased fee when theaccumulated monetary value of payment transactions made with saidpayment account within the period meets said pre-established thresholdamount is performed by at least one electronic processor; and applyingsaid increased fee for each payment transaction made with said paymentaccount within the period after said pre-established threshold amount ismet, wherein said applying said increased fee for each paymenttransaction made with said payment account within the period after saidpre-established threshold amount is met is performed by at least oneelectronic processor.
 14. The method as set forth in claim 13, whereinsaid fee comprises a percentage of a purchase corresponding to a paymenttransaction made with said payment account.
 15. The method as set forthin claim 13, wherein said fee comprises a fixed fee.
 16. The method asset forth in claim 13, wherein said payment account further comprises acommunications account.
 17. The method as set forth in claim 16, whereinsaid payment account further comprises a mobile communications account.18. The method as set forth in claim 13, wherein said payment accountfurther comprises a content aggregation account.
 19. The method as setforth in claim 13, wherein said payment account comprises a debitaccount.
 20. The method as set forth in claim 13, wherein said paymentaccount comprises a credit account.
 21. The method as set forth in claim13, wherein said period corresponds to a billing cycle associated withsaid payment account.
 22. The method as set forth in claim 13, whereinsaid pre-established threshold amount comprises a first pre-establishedthreshold, said method further comprising: determining when the monetaryvalue of payment transactions made with the payment account within aperiod meets a second pre-established threshold, wherein saiddetermining when the monetary value of payment transactions made withthe payment account within a period meets a second pre-establishedthreshold is performed by at least one processor; further increasingsaid increased fee to a second increased fee when the monetary value ofpayment transactions made with the payment account within the periodmeets the second pre-established threshold, wherein said furtherincreasing said increased fee to a second increased fee when themonetary value of payment transactions made with the payment accountwithin the period meets the second pre-established threshold isperformed by at least one processor; and applying said second increasedfee for each payment transaction made with said payment account withinthe period after said second pre-established threshold is met, whereinsaid applying said second increased fee for each payment transactionmade with said payment account within the period after said secondpre-established threshold is met is performed by at least one electronicprocessor.
 23. The method as set forth in claim 22, wherein said secondpre-established threshold corresponds with a second monetary value ofpurchase transactions made with said payment account in said period. 24.The method as set forth in claim 22, wherein said second pre-establishedthreshold is of a type that is different than a monetary value ofpurchase transactions made with said account in said period.
 25. Acomputer-implemented method comprising: monitoring, with at least oneelectronic processor, payment transactions made with a credit paymentaccount that has an interest rate on an unpaid credit balance;determining when an unpaid balance on said payment account reaches apre-established threshold amount, wherein said determining when anunpaid balance on said payment account reaches a pre-establishedthreshold amount is performed by at least one electronic processor; andincreasing said interest rate only for a portion of the unpaid balancethat pertains to charges made to said credit payments account after saidunpaid balance on said payment account reaches a pre-establishedthreshold amount, wherein said increasing said interest rate only for aportion of the unpaid balance that pertains to charges made to saidcredit payments account after said unpaid balance on said paymentaccount reaches a pre-established threshold amount is performed by atleast one electronic processor.